The Objects Incidental or Ancillary to the attainment of the main objects are
To Sell, exchange, mortgage, let on
lease, royalty or tribute, grant licenses, easements, options and other rights
over and in any other manner deal with or dispose of the undertaking, property,
assets, rights and effects of the Company or any part thereof for such
consideration as may be though fit and in particular for stocks, or shares,
whether fully or party paid up or securities of any other company having
similar objects.
To advance, deposit with or lend
surplus money on securities property and to receive loans or grants or deposits
from the Government and raise capital or funds for infrastructure development.
To undertake financial and
commercial obligations, transactions and operations of all kind for the
business of the Company.
To guarantee the payment of money
unsecured or secured by or payable under or in respect of promissory notes
bonds, Debentures, debentures-stock, contracts, mortgages, charges,
obligations, instruments and securities of any company or of any
authority-state, Municipal, local or otherwise or of any person whomsoever,
whether incorporated or not, and generally to guarantee or become sureties for
the performance of any contract or obligations to furtherance to business of
the company.
To establish and promote property
in which the company is interested in any business which may be conveniently
carried on upon or in connection with such property and the establishment of
which may seem calculated to enhance the value of the Company’s interest in
such property or to facilitate the disposal thereof.
To borrow or raise or secure the
payment of money in such manner as the company shall think fit and in
particular by the issue of debentures or debenture-stock perpetual or otherwise
charges upon all or any of the Company’s property (both present and future)
including its uncalled capital and to purchase redeem and pay of such
securities.
To draw, make, accept, discount,
execute and issue bills of exchange, Government of India and other promissory
notes, bills of lading, warrants and debentures and other negotiable or
transferable instruments or securities.
To apply for, purchase or otherwise
acquire and protect, prolong and renew whether in India of elsewhere and
patent, right, brevet d’ invention, trade mark, designs, licenses, protections,
concessions, and the like conferring any exclusive or non-exclusive or limited
right to use or any secret or other information as to any invention, process or
privilege which may seem capable of being used for any of the purposes of the
company or the acquisition of which may seem calculated directly on indirectly
to benefit the company and to use. Exercise, develop Manufacture or grant
licenses or privileges in respect of, or otherwise turn to account, the
property, rights and information so acquired and to carry on any business in
any way connected therewith.
To spend surplus money in
experimenting on and testing and research in improving or seeking to improve any
patents, rights, inventions, discoveries, processes of information of the
company or which the Company may acquire or propose to acquire.
To acquire and undertake all or
any part of the business, property and liabilities or any person or company carrying
on any business, which this Company is authorized, to carry on possessed of
property suitable for the purpose of the company.
To buy, repair, alter, improve,
exchange, import, all factories, work plant, machinery, tools, utensils,
appliances apparatus, products, materials, substances, articles and things
capable of being used in any business which this company is competent to carry
on.
To distribute all or any of the
property of the company amongst the members in specie or in kind, in the event
of winding up.
To form, Incorporate or promote
any company or companies, whether in India or elsewhere having amongst its or
their objects the acquisition of all or any of the assets or control,
management or development of the company or any other objects or objects which
in the opinion of the company could or might directly or indirectly assist the
development of its properties and to pay all or any of the costs and expenses
incurred in connection with any such promotion or incorporation and to remunerate
any person or company in any manner it shall think fit for services rendered or
to be rendered in obtaining subscription for or guaranteeing the subscription
of or the placing of any shares in the capital of the company or any bonds,
debentures, obligations or securities of the company or any stock, share,
bonds, debentures obligations and securities of any other company held or owned
by the company or in which the company may have an interest or in or about the
formation or promotion of the company or of the conduct of its business or in
the promotion or formation of any other
company in which the company may have an interest
To enter into partnership or into
any arrangement for sharing profits or in to any union of interest,
joint-ventures, reciprocal concession or cooperation with any person or persons
or company or companies carrying on or engaged in or about to carry on or
engage in or being authorized to carry on or engaged in any business or
transaction which this company is authorized to carry on or engage in any
business or transaction capable of being conducted so as directly to benefit
this company.
To enter into
agreements and take all necessary and proper steps with government or with
other authorities national, local, municipal or otherwise of any place in which
the company may have interest and to carry on any negotiation or operation for
purpose of directly or indirectly carrying out the objects of the company or
effecting any modifications in the constitution of the company or furthering
the interests of its members and to oppose any such steps taken by any other
company or person which may be
considered likely to prejudice the interests of the company or its members and
to obtain from any such governments or
authority any characters, contracts, decrees, rights, loans, privileges or
concessions which the company with any such arrangements, character, contracts,
decrees, rights, privileges or concessions.
To adopt such means of making
known the products of the company as may be expedient and in particular by
advertising in the press, by circulars, by purchases and exhibition of works of
art of interest, by publication of books and periodicals and by granting
prizes, rewards and donations.
To undertake and execute any
trust, the undertaking of which may seem to the company desirable either
gratuitously or otherwise.
To draw, make accept, discount,
endorse, execute and issue promissory notes, bills of exchange, bills of
lading, warrants, debentures and other negotiable or transferable instruments.
To apply for,
tender purchase of otherwise acquire any contract and concessions for or in
relation to the constructions, execution, carrying out equipment, improvement,
management, administration or control of works and conveniences, and undertake,
execute, dispose of or otherwise turn to account the same, to sublet all or any
contracts from time to time and upon such terms and conditions as may be
thought expedient.
To invest and deal with the
surplus money of the company not immediately required in such manner as may
from time to time be determined but not to do banking business within the
meaning of the Banking Regulation Act, 1949.
To undertake, act and execute any
type of contracts including exploration, production and transport of oil and
gas and to acquire concessions or licenses granted by Government of India or
any State Governments or any other legal body in the objectives.
To amalgamate the company with other suitable
entities to explore the synergy/ synchronization and also to undertake
de-merger or restructuring process in the best interest of the company.
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